2019-09-25 | FPR/DIR/CIR/GEN/03/07/037

Suspicious Transaction Reporting on United Nations Security Council Resolutions on Proliferation Financing

The letter, issued by the Central Bank of Nigeria, reminds financial institutions of their obligation to report suspicious transactions related to individuals and entities designated under the UN Security Council Resolution 1718 and subsequent resolutions concerning the Democratic People's Republic of Korea (DPRK). Institutions are advised to screen customers and transactions against global sanctions lists, stop prohibited transactions, and immediately freeze any related funds. Terminated transactions or frozen funds must be reported to the Nigerian Financial Intelligence Unit (NFIU).

Nigeria

Central Bank of Nigeria

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